InvestorQ : Can you tell me about the Green Hydrogen plant to be set up by IOCL?
Priyanka N made post

Can you tell me about the Green Hydrogen plant to be set up by IOCL?

Answer
image
Neelam Naik answered.
5 months ago
Follow

Indian Oil Company or IOCL will set up India’s first “green hydrogen” plant at its Mathura refinery near Agra in the state of Uttar Pradesh. IOCL wants to use this opportunity to prepare for a future catering to demand for oil and cleaner energy forms. Over next 10 years, IOC will continue its core focus on refining butt take major strides in petchem, hydrogen and electric mobility. These are likely to enhance valuations of the stock.

Green hydrogen is the ultimate clean hydrogen resource as it even uses renewable energy to create hydrogen fuel. This is unlike brown hydrogen where the hydrogen production happens with the use of fossil fuels. Green Hydrogen is environment friendly; end to end. Mathura is also very close to the TTZ (Taj Trapezium Zone), so this is doubly significant.

8 Views

image
Mahavir answered.
5 months ago
Follow

Indian Oil Company or IOCL will set up India’s first “green hydrogen” plant at its Mathura refinery near Agra in the state of Uttar Pradesh. IOCL wants to use this opportunity to prepare for a future catering to demand for oil and cleaner energy forms. Over next 10 years, IOC will continue its core focus on refining butt take major strides in petchem, hydrogen and electric mobility. These are likely to enhance valuations of the stock.

1 Views

image
Mahavir answered.
5 months ago
Follow

Green hydrogen is the ultimate clean hydrogen resource as it even uses renewable energy to create hydrogen fuel. This is unlike brown hydrogen where the hydrogen production happens with the use of fossil fuels. Green Hydrogen is environment friendly; end to end. Mathura is also very close to the TTZ (Taj Trapezium Zone), so this is doubly significant.

0 Views